Individuals with disabilities can create their own self-settled trusts

- By : P. Patel

The Special Needs Trust Fairness Act provides that individuals with disabilities can now create their own special needs trusts instead of having to rely on others. The Act was included as Section 5007 of the 21st Century Cures Act which was signed into law

Special Needs Planning Mistakes

- By : P. Patel

1. Disinheriting the child. When a special needs child is disinherited, that child will need to depend on government benefits such as Medicaid and Supplemental Security Income (SSI).  While these programs can be greatly beneficial, it is not wise to

Latest Medicaid Information for New Jersey for 2011

- By : P. Patel

Protections for the Community Spouse: Community Spouse Resource Allowance (CSRA): Minimum: $21,912 Maximum: $109,560 Increased CSRA: Permitted. New Jersey follows the income-first rule. Annuities: Actuarially sound annuities are not permitted. Monthly Maintenance Needs Allowance: Minimum: $1,821.25 Maximum: $2,739 Transfers: Average

Top 9 Most Expensive Medicaid Mistakes

- By : P. Patel

1. Mistakenly thinking it’s too late to plan. Even after a person has moved to a nursing home it is not too late to plan.  Our law firm can assess your situation and provide you with numerous options.  2. Transferring

Life insurance for disabled or special needs children

- By : P. Patel

When a child is born, many people purchase a life insurance policy for him or her. The parent is typically the owner and beneficiary of the policy, and many of these policies are known as industrial or debit policies. There

Medicare and Medicaid Basics

- By : P. Patel

Medicare Medicare Part A covers up to 100 days of “skilled nursing” care per spell of illness. However, the definition of “skilled nursing” and the other conditions for obtaining this coverage are quite stringent, meaning that few nursing home residents

Conservatorship or Legal Guardianship?: How Do You Know When It’s Needed?

- By : P. Patel

The appointment of a legal guardian is something that's not taken lightly

The Need for Long Term Care Planning

- By : P. Patel

One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Depending on location and level of

Conservatorship or Legal Guardianship: Which is the Right Choice?

- By : P. Patel

Conservatorship concerns only the conservatee's financial matters when they need assistance.

Estate Planning When a Spouse is Confronting Health Issues (Estate Planning for the Healthy Spouse)

- By : P. Patel

When one spouse is a resident of a nursing facility or medical institution (the “institutionalized spouse”), but the other spouse continues to live in the community (the “community spouse”), the community spouse may take a number of steps to retain